Multifamily - Debt

NorthMarq completes permanent refinance of Maison Gardens Apartments in Indianapolis, Indiana

CINCINNATI, OHIO (December 4, 2019) – Noah Juran, senior vice president of NorthMarq’s Cincinnati-based regional office negotiated the refinance of Maison Gardens Apartments. The multifamily property is located at 8808 Rue Madeleine Street in Indianapolis, Indiana.

Financing Details:
– 5-year term (1.5 years of interest-only)
– 25-year amortization schedule
– NorthMarq arranged the permanent-floating loan for the borrower through its relationship with a regional bank. 

Property Details:
– The property contains 452 units.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.